---
title: "Ark Invest Buys the Dip in Coinbase, Circle, Bullish and Robinhood"
description: "Cathie Wood's Ark Invest added shares of four crypto-linked stocks — Coinbase, Circle, Bullish and Robinhood — on Thursday as each fell, deploying roughly $5.4 million across its ETFs in a characteristic buy-the-dip move."
category: "Crypto"
category_url: https://boursel.com/category/crypto
author: "Daniel Okonkwo"
published: 2026-06-26T02:36:00.000Z
updated: 2026-06-26T02:36:00.000Z
canonical: https://boursel.com/article/ark-invest-buys-the-dip-in-coinbase-circle-bullish-and-robinhood
tags: ["ark-invest", "cathie-wood", "coinbase", "circle", "crypto-stocks"]
---
# Ark Invest Buys the Dip in Coinbase, Circle, Bullish and Robinhood

Cathie Wood's Ark Invest added shares of four crypto-linked stocks — Coinbase, Circle, Bullish and Robinhood — on Thursday as each fell, deploying roughly $5.4 million across its ETFs in a characteristic buy-the-dip move.

When its favorite stocks fall, Ark Invest tends to buy more. Thursday was a textbook example.

## What Ark bought

On June 25, Ark Invest added shares of four crypto-and-fintech names — Coinbase, Circle, Bullish and Robinhood — across its exchange-traded funds, even as all four fell on the day, [The Block reported](https://www.theblock.co/post/406258/ark-invest-coinbase-circle-bullish-robinhood), citing Ark's daily trade disclosure. The biggest buy was Robinhood: about 35,000 shares, worth roughly $3.3 million, on a day the stock slid nearly 4%. Ark added about 9,000 Coinbase shares (~$1.3 million) as that stock fell 5%, plus smaller positions in Circle (~$640,000) and Bullish (~$200,000), which dropped 3% and nearly 7% respectively. The four buys totaled about **$5.4 million** — modest against Ark's overall assets, but a clear signal of continued conviction.

## Who they are

**Coinbase** is the largest U.S.-regulated crypto exchange. **Circle** issues USDC, the second-largest dollar stablecoin, and went public in 2025. **Bullish** is a regulated crypto exchange that has also listed publicly. **Robinhood** is the retail trading app that earns a meaningful slice of revenue from crypto trading. All four rise and fall with crypto sentiment — which has been firmly risk-off lately.

## Ark's method

Ark actively rebalances its ETFs to keep any single stock from dominating a fund. When a holding's price drops, that cap frees up room to add shares without breaching it — which is why Ark so often appears to be "buying the dip" in its highest-conviction names on down days. Founder Cathie Wood has stayed publicly optimistic on risk assets, arguing recently that inflation could ease materially as productivity rises.

## The context, and a caveat

The buys land during a rough stretch for crypto-linked equities, caught between higher-for-longer interest-rate expectations and a broad pullback in digital assets and tech. Coinbase's revenue tracks trading volumes; Circle's depends on USDC's size and the interest earned on its reserves; Robinhood leans on transaction fees — all of which compress when markets turn cautious.

Ark's record is a reminder that conviction cuts both ways. Its flagship ARKK fund returned more than 150% in 2020, drawing a wave of retail money, then lost roughly three-quarters of its value through 2022 as rates rose and high-growth stocks re-rated. It has since partly recovered. None of this is a recommendation: we're reporting what a closely watched investor did and why, not advising anyone to follow. Ark is making a contrarian, high-conviction bet that these crypto franchises are worth more than the market is paying today — a thesis only time will judge.

## Sources

- [Ark Invest buys more Coinbase, Circle, Bullish, Robinhood shares amid stock declines](https://www.theblock.co/post/406258/ark-invest-coinbase-circle-bullish-robinhood)